AI infrastructure company Nscale has raised nearly $4 billion in total funding, with a valuation of $14.6 billion

Odaily Planet Daily News: AI infrastructure startup Nscale has disclosed that it has completed a total funding of nearly $4 billion, and after the latest $2 billion Series C funding round, its valuation has reached $14.6 billion. Nscale was formerly a spun-off business from cryptocurrency mining company Arkon Energy and now focuses on building and operating AI data centers, leasing computing power resources to enterprises. Its investors include technology companies such as Nvidia, Dell, and Nokia. Since 2026, Nscale has also secured $1.4 billion in GPU-backed loans and a $790 million credit facility to support its AI infrastructure expansion plans.

Nscale has participated in OpenAI's "Stargate" infrastructure project, deploying AI computing facilities in the UK and Norway. However, as OpenAI adjusted its relevant plans, some projects have been taken over by Microsoft and Google. (Fortune)